By understanding the basics of solar energy, your solar options, and the right questions to ask solar professionals, you’re well positioned to make the right decisions. [...] The main options available today are bulleted here and explained further below: Purchase a solar system (with cash or a loan) and own both the system and all the power it produces Lease a system, usually for a fixed monthly rate, and own all the power it produces Enter a "power purchase agreement" (PPA) to buy (in price per kWh) the electricity the system produces, which can change from mont. [...] You make monthly payments to the solar company at the agreed upon rate specified in the lease for use of the system. [...] Similar to a lease, a PPA is a TPO arrangement because the solar company owns the system, but some companies give you the option to purchase the system after a certain amount of time. [...] You may want storage to control when you consume the electricity generated by the solar system when your utility has the following: (i) rates that change based on the time of day; (ii) fixed charges based on your peak usage during a short period of time during the month that’s difficult to control without storage or (iii) compensation any excess electricity generated by your solar system below ret.
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